R. Moyson: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
R. Moyson
Largest movements
- Cash +€318,529
up €318,529 (+108%), from €293,944 to €612,473
mainly Net result for the year (+€339,175) and Investment in fixed assets (net) (+€167,091)
- Tangible fixed assets -€178,591
down €178,591 (-86.6%), from €206,157 to €27,566
of which Land and buildings: -€110,026
- Stocks and contracts -€90,370
no longer reported in 2024 (was €90,370)
- Receivables within one year +€58,010
up €58,010 (+119%), from €48,781 to €106,790
of which Other amounts receivable: +€67,914
- Deferred charges and accrued income -€30,495
no longer reported in 2024 (was €30,495)
- Reserves +€338,000
up €338,000 (+390%), from €86,613 to €424,613
of which Distributable reserves: +€338,000
- Debts after one year -€183,045
no longer reported in 2024 (was €183,045)
- Trade debts -€36,377
down €36,377 (-72.0%), from €50,533 to €14,157
- Current portion of long-term debt -€35,226
no longer reported in 2024 (was €35,226)
- Gross operating margin +€620,163
up €620,163 (+164%), from €377,374 to €997,536
- Taxes +€123,675
up €123,675 (+311%), from €39,822 to €163,497
- Staff costs +€81,076
up €81,076 (+39.9%), from €203,200 to €284,277
- Depreciation -€30,442
down €30,442 (-72.6%), from €41,941 to €11,500
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €669,746 | €746,829 | +€77,082 | +11.5% |
| Fixed assets | 21/28 | €206,157 | €27,566 | -€178,591 | -86.6% |
| Tangible fixed assets | 22/27 | €206,157 | €27,566 | -€178,591 | -86.6% |
| Land and buildings | 22 | €110,026 | - | -€110,026 | |
| Plant, machinery and equipment | 23 | €64,085 | €247 | -€63,837 | -99.6% |
| Furniture and vehicles | 24 | €32,046 | €27,319 | -€4,728 | -14.8% |
| Current assets | 29/58 | €463,590 | €719,263 | +€255,673 | +55.2% |
| Stocks and contracts in progress | 3 | €90,370 | - | -€90,370 | |
| Stocks | 30/36 | €90,370 | - | -€90,370 | |
| Amounts receivable within one year | 40/41 | €48,781 | €106,790 | +€58,010 | +119% |
| Trade receivables | 40 | €48,781 | €38,876 | -€9,904 | -20.3% |
| Other amounts receivable | 41 | - | €67,914 | +€67,914 | |
| Cash at bank and in hand | 54/58 | €293,944 | €612,473 | +€318,529 | +108% |
| Deferred charges and accrued income | 490/1 | €30,495 | - | -€30,495 | |
| Total equity and liabilities | 10/49 | €669,746 | €746,829 | +€77,082 | +11.5% |
| Equity | 10/15 | €336,748 | €675,923 | +€339,175 | +101% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €86,613 | €424,613 | +€338,000 | +390% |
| Non-distributable reserves | 130/1 | €12,381 | €12,381 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €10,522 | €10,522 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,232 | €1,232 | = | 0.0% |
| Distributable reserves | 133 | €73,000 | €411,000 | +€338,000 | +463% |
| Profit (loss) carried forward | 14 | €231,543 | €232,718 | +€1,175 | +0.5% |
| Amounts payable | 17/49 | €332,998 | €70,905 | -€262,093 | -78.7% |
| Amounts payable after more than one year | 17 | €183,045 | - | -€183,045 | |
| Financial debts | 170/4 | €183,045 | - | -€183,045 | |
| Amounts payable within one year | 42/48 | €149,953 | €70,905 | -€79,048 | -52.7% |
| Current portion of amounts payable after more than one year | 42 | €35,226 | - | -€35,226 | |
| Trade debts | 44 | €50,533 | €14,157 | -€36,377 | -72.0% |
| Suppliers | 440/4 | €50,533 | €14,157 | -€36,377 | -72.0% |
| Taxes, remuneration and social security | 45 | €64,058 | €56,749 | -€7,309 | -11.4% |
| Taxes | 450/3 | €35,609 | €35,609 | = | 0.0% |
| Remuneration and social security | 454/9 | €28,449 | €21,140 | -€7,309 | -25.7% |
| Other amounts payable | 47/48 | €137 | - | -€137 | |
| Remuneration, social security and pensions | 62 | €203,200 | €284,277 | +€81,076 | +39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,941 | €11,500 | -€30,442 | -72.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €937 | - | -€937 | |
| Other operating charges | 640/8 | €6,967 | €5,790 | -€1,177 | -16.9% |
| Non-recurring operating charges | 66A | €136 | €179,053 | +€178,917 | +131,479% |
| Gross operating margin | 9900 | €377,374 | €997,536 | +€620,163 | +164% |
| Operating profit (loss) | 9901 | €124,192 | €516,916 | +€392,725 | +316% |
| Financial income | 75/76B | €29 | €1,420 | +€1,391 | +4,785% |
| Recurring financial income | 75 | €29 | €1,420 | +€1,391 | +4,785% |
| Financial charges | 65/66B | €10,544 | €15,665 | +€5,121 | +48.6% |
| Recurring financial charges | 65 | €10,544 | €15,665 | +€5,121 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €113,677 | €502,672 | +€388,995 | +342% |
| Income taxes | 67/77 | €39,822 | €163,497 | +€123,675 | +311% |
| Profit (loss) for the period | 9904 | €73,855 | €339,175 | +€265,320 | +359% |
| Profit (loss) for the period to be appropriated | 9905 | €73,855 | €339,175 | +€265,320 | +359% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.